"Curiosity is the Virtue of a Vigorous Mind"...this blog is about the journey of a curios mind in search of Alpha Investments

Friday, April 27, 2007

Trade Loans - Prosper.com

Came across this interesting site - Prosper.com that allows people to trade loans, just like they trade in various goods on ebay. In short, an online auction of personal loans upto USD 25,000 per person. Innovative, isnt it? Feasible? Well, total transactions reached USD 50 million...and rolling!